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FOX News
Jan 3, 2013 1:00am PST
evidence that obama any interest in cutting spending. in fact, audaciously last night, he said oh we have got to cut spending so he tossed it out. he gave a nod to it and then he immediately says but we have to increase our investments that's the word that you use if you are a democrat for spending on the usual, education, research and development, roads, bridges. so he is talking bin creasing spending while is he pretending to be interested in the debt. he was in office four years. he doesn't care. >> bill: does he not understand that once the debt is now at 16 trillion, 250 billion, does he not understand that this is going to wreck the currency if not checked. do you think he is ignorant of macroeconomics. >> no i don't think he is ignorant. this is a man who is so ideological. he is so committed since the days as a community organizer who undoing the injustices he sees in the country, what he calls social justice he sees europe, scandinavia as a far more just and good society than ours. they have very high taxes and very strong sort of blanket entitlements cradle to grave. that's the
ABC
Dec 28, 2012 5:30pm EST
government starts slashing military and domestic spending. president obama is pushing for a stop gap measure that with avoid faxes on people earning less than $25,000. on capitol hill frustration is growing. both republicans and democrats sound look they have given up. outside the capitol democrats hauled out a times square ball prop with the emergency, don't drop the ball. >> the republicans refuse to ask those with the most in our society to give a little bit more. >> reporter: a simple stop gap measure is not what many in washington had hoped for. republicans blame president obama for the collapse of a bigger deal that would have cut spending and reduced the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together but it's a total dereliction of duty and a lack of courage to deal with the issues. >> it rests in the hands of the senate. >>> president obama is scheduled to give an update on the fiscal cliff within the next 15 minutes. when that happens, we will join him live for that announcement. >> for more on the fiscal cliff and what
FOX News
Dec 26, 2012 2:00pm PST
obama is able to do is shift the argument from cutting and spending to now spending and borrowing. cutting is part of it. >> eric: leave it there. coming up, the day after christmas. you know what that means? all the bad gifts are going back. tell you what the five of us got from san. the plus, this woman says she was fired from her job for from being too sexy. her boss couldn't handle it. her story ahead on "the five." ♪ ♪ [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. because it's the final 100 hours of the ford year end celebration. last chance to get the best deals of the year on america's freshest line
CBS
Jan 2, 2013 4:00am EST
. >> president obama has promised to work with congress to find more spending cuts in the future, but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> treasury secretary of state timothy geithner has warned congress the country is a few months away from defaults on its loans for first time in history. >> the consequences would be catastrophic, far worse than the impact of a fiscal cliff. >> but many say the debt limit debate is the last chance femme them to secure the deep spending cuts necessary to pay down our nation's debt. and the bill now heads to president obama for his signature. terrell? >> tara mergener in washington this morning. thank you so much. >>> still the measure passed with bipartisan support. the deal die provided the leadership in the house. speaker john boehner and paul ryan voted yes, but house majority leader eric cantor who led a brief last-minute charge against the deal and kevin mccarthy voted no. earlier i
CW
Dec 26, 2012 10:00pm PST
most successful buy-back ever. >>> president obama will spend the night aboard airforce 1 making a red-eye trip from hawaii to washington. when he arrives on thursday, it's right back to budget negotiations with the fiscal cliff deadline less than a week away. >> reporter: as the president wrapped up his vacation, federal workers trickled back into the nation's capital. the only people who can avert the fiscal cliff, members of the house and senate, have not returned. and in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average worker's paycheck in 2013 by about $1,500. long-term unemployment benefits for about 2 million jobless americans are also set to expire, and $110 billion worth of spending cuts to domestic and defense programs will kick in, forcing layoffs in the public and private sector. if congress doesn't act, all the cuts and new taxes will squish the economy back into a mild recession by mid-2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1st because the irs and other agenc
CBS
Dec 27, 2012 1:35am PST
or broken and wouldn't be used in a crime anyway. >>> president obama will spend the night aboard air force 1, making a red eye trip to washington. with the fiscal cliff deadline less than a week away. what it all means for your paycheck. >> reporter: as the president wrapped up his vacation, federal workers trickled back into the nation's capitol. but the only people who can avert the fiscal cliff, members of the house and senate, have not returned. in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average person's paycheck in 2013 by about $1500. long-term unemployment benefits for about two million jobless americans are also set to expire. and 110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid 2013. the impact of some of these new cuts and taxes wouldn't be felt im
FOX News
Dec 28, 2012 2:00pm PST
above? we see obama not oftenning cuts at all. looking for spending. >> kimberly: managing the message very well. conciliatory. >> andrea: boehner did -- boehner has taken heat. in his defense he has taken a ton of flak on this. he has given a terrible hand of cards. but he came to the table. he tried to at least bring something to the floor. mitch mcconnell knows he can't pass anything, any tax cut for everyone under $1 million. kimberly, that wouldn't even pass the senate. >> juan: allow me to introduce a little sanity to this forum. >> andrea: yes, juan. >> juan: say it's incredit to believe me he would say they're far apart. they're not far apart. boehner wants $1 trillion to new revenue. closing loopholes or deduction or whatever. obama is $1.2 trillion. that is not far apart. in terms of cut, boehner said one for one. $1 trillion in terms of the spending cuts. obama is 1.3 more on boehner -- let me finish. obama has stimulus spending built in. they are not far apart. [ overtalk ] >> eric: boehner can get $1 million and below -- just dance is because -- listen, you can't b
FOX News
Jan 2, 2013 8:00pm PST
term will be a disaster. also, it's now clear that mr. obama doesn't much care about federal spending. simply don't run up deficits of more than a trillion dollars a year, each with all this new revenue. even with that. you don't run up those deficits if you are concerned about fiscal responsibility. clearly the president has not offered any meaningful spending cuts or entitlement reform. and after four years he has not offered any solutions to the crushing 16 trillion-dollar debt. now, in the past, that would have sunk an incumbent president. not today. talking points believes mr. obama won the election largely on emotion. millions of voters supported him because mitt romney didn't really run his campaign with any urgency or emotional appeal. while mr. obama promised americans stuff. president obama is going to take as much money as he can he from successful people and dole it out. not going to make any meaningful cuts in government spending. not going to do it. he might even expand the entitlement culture. i believe this will lead to economic disaster for the country. but as always,
MSNBC
Jan 2, 2013 8:00pm PST
how to rein in president obama's spending. the republicans have three points. the president has none. >> really? does grover norquist have any credibility left at this point? is he a guy that can twist arms and threaten people and still be effective the way he has been in the past? >> no. let's be very clear what this little tour from grover norquist is about. this is a cry for relevance. that is the only thing we should be seeing in what he is saying. he is trying to prove that he is still relevant. remember, three weeks ago he was singing a dramatically different tune. now he's got even as andrea mitchell pointed out, some kind of alice in wonderland fantasy land about how voting to increase is really voting to decrease. it just doesn't hold water anymore. part of the power of grover norquist is his close relationship with karl rove. karl rove has also been crippled over the past year in the process. so the two of them are not so scary anymore. >> what i found absent from his conversation today was 39.6%. why wasn't he saying this is going to be a job killer? why wasn't he saying -
MSNBC
Jan 2, 2013 5:00pm PST
revenue and spending cuts. and we'll also need to look at entitlement reform. president obama knows and has proposed in his grand bargain $4 trillion deal, remember, he proposed another $360 billion in savings for entitlement programs, which we'll have an opportunity to look at as well. >> congresswoman, can you tell us tonight where you can go to get revenue? i'm talking about -- are we talking about a transaction tax on wall street, something like that? >> no. we have to take a look -- we've talked for a long time about finally reforming the tax code there are so many loopholes in the tax code that really also skew towards the wealthiest americans that ultimately if we're able the close those, we can make sure that when we do enact important spending cuts, that all that pain is not balanced on the backs of the middle class. >> that's not the tax reform the republicans were looking for, is it? >> the republicans have said -- look, mitt romney himself campaigned on reforming the tax code. and a lot of my republican colleagues have said we need to take a look at that on the senate and th
MSNBC
Jan 3, 2013 12:00am PST
, president obama, what has he done? he has gotten $620 billion in new revenue and no spending cuts. he also got more than 150 republicans to vote for taxes to go up on the middle class. no one is denying that there will be tough fights ahead. but the president defined the terms of battle going forward. >> cutting spending has to go hand in hand with further reforms to our tax code so that the wealthiest corporations and individuals can't take advantage of loopholes and deductions that aren't available to most americans. >> this is a message to republican leadership. if they want spending cuts, they have to cough up some more revenue. one thing we do know. the president will not have john boehner as a negotiating partner anymore. the house speaker told his caucus that he will no longer negotiate one-on-one with the president of the united states. boehner isn't making too many democratic friends on the hill either. politico reports boehner told harry reid to go blank himself. part of the reason boehner is so testy is a fracture in his own party's leadership. republican leader eric ca
CNN
Dec 29, 2012 3:00pm PST
and across-the-board spending cuts take effect. it forces members of congress and president obama to spend the last few days of 2012 on the job. we want to bring in cnn chief white house correspondent, jessica yelen, we all know they would rather celebrate new year's eve elsewhere. how did they get here? >> reporter: it is such a good question, you know, candy, this grid lock in washington creates the eye-rolling. but the fundamental question goes to the essential differences between the two parties about the role of government, should it be bigger or smaller? about whether we want lower taxes or more of a social safety net. so while we have seen the principles, the president, speaker boehner, and now senator mcconnell and reid trying to get involved in stages in the last few weeks, it has always broken down because they fundamentally disagree about the big ideas over the core of this debate. they're fighting between the two parties. and this could get resolved in a matter of days or weeks. but the big difference, the issues could really take months to work out. >> can it be resolved
FOX News
Jan 1, 2013 11:00am PST
the day for mr. obama, big spending did, many in the media would have us believe that liberal ideology was confirmed by this election, it was not. however, however, secularism is certainly eroding traditional power, no question about it. those americans who attend religious services at least once a week, voted for romney, 59-39. the religious is on at decline. despite the presidential controversial insistence that some catholic entities provide birth control and after-pills, catholics supported obama 50-48. down from 2008, but still a surprise to some. only about 30% of american catholics now attend weekly mass. you can see the impact of creeping secularism on the religious vote. on paper the stats look hopeless for traditional americans, however, it will take a very special politician to do that. by the way, mitt romney didn't try to marginlize secularism, it's a mistake. the key question going forward is the movement good for american, no matter their ethnic condition, the answer is no, three vivid. secular progressive champion do your own thing philosophy, and the public sc
FOX News
Jan 1, 2013 11:00pm PST
ideology did not win the day for mr. obama, big spending did, many in the media would have us believe that liberal ideology was confirmed by this election, it was not. however, however, secularism is certainly eroding traditional power, no question about it. those americans who attend religious services at least once a week, voted for romney, 59-39. the religious is on at decline. despite the presidential controversial insistence that some catholic entities provide birth control and after-pills, catholics supported obama 50-48. down from 2008, but still a surprise to some. only about 30% of american catholics now attend weekly mass. you can see the impact of creeping secularism on the religious vote. on paper the stats look hopeless for traditional americans, however, it will take a very special politician to do that. by the way, mitt romney didn't try to marginlize secularism, it's a mistake. the key question going forward is the movement good for american, no matter their ethnic condition, the answer is no, three vivid. secular progressive champion do your own thing philosophy, and
FOX
Dec 31, 2012 9:00am EST
to be theebiggest obstacle to a compromise. others want to see goverrnent spending put inn check. president obama ssys... hees willing to do that. "i offered over a trillion pollars in additional spending cuts so that we would have two pollars f spending cuts for everyyooe dollar of increased rrvenue." "the senate stands in recess" the senate is scheduled to reconvene at 11-a-m. even if lawmakers don't come to angreeeent tonightt.. you change in your nnxt payyheck. that's because businesses &plikely used 22-12 withholding rates... uncertain about what would happen. happen.if you want to see how much your taxes would go up agreement.. go tt foxbaltimroo dot com slash morning. the funerallwill be held tomasz kaczooka ... one of two new york firefighters who was firr.on sunday... thousands gathered to rememberrthe ooher victim... police liiutenant michael chiaaperiii.both firefighters were gunned down py an ex-con... who police say deliberatelyyset his house on fire... to lure fire crews into a deadly ambush.police say the gunman... william injured 2 others... before turning theegun
FOX Business
Dec 26, 2012 9:00pm EST
of obama and his taxes and spending. gerri: i don't understand why people aren't marching on the hill. i really don't. this is what we hired them for, to iron out these differences, and no one is doing the job. let's take a look at the numbers for folks that are married. if you make $50,000 per year, you'll pay an additional $2000 in taxes. if you pay $100,000, an additional $446 in taxes. the list goes on. you make it to make a million dollars, an additional $50,000 in taxes. this will cause people to reinve the way th lived day-to-day. i don't see why people are upset abt this. they should be. but all of the tax cut that you just mentioned, it is due to the disappearance of the bush tax cuts. the democrats all voted against the bush tax cuts. so they voted to keep those tax increases, not next year, but for the previous 12 years. so you have a very big fight in washington. the democrats have opposed the bush tax cuts, call them names, said they were for rich people, now that they are about to disappear, they are running for the hills. because they know that that was the tax cut that
CNBC
Dec 28, 2012 4:00pm EST
. if you put tax increases on the table, you never get spending all obama's done for the last four years is clamor for higher taxes to spend more money. the only time we've ever beat him back on spending at all was during the debt ceiling crisis where republicans said we're not giving any tax increases. we have to have $2.5 billion in spending cuts. then you can have your debt ceiling. they won that fight. in '82 reagan put taxes on the table. spending cuts never happened. '90, bush put tax increases on the table, spending cuts never happened. obama never even put spending cuts on the table. he's putting spending increases on the table for another round of solyndra stimulus spending. he was willing to save money, $1 trillion, but not occupying iraq for the next decade. they kicked him out of the country a little while ago, but he wanted to count that like not continuing the war of 1812 as his budget cut. >> don't you feel though we're at such a fiscal crisis situation that there needs to be compromise on both sides though? there has to be some give to get something done? >> oh, abs
CBS
Jan 3, 2013 6:00pm EST
two years focused on the obama white house and the fight on spending. >> reporter: norquist says it is one, two, three. the sequester, the budget and then the debt ceiling, all ground that plays to the gop. >> the president says he will not negotiate over the debt ceiling. this is money that congress has already spent. pay your bills. is the gop really willing to shoot america's credit rating in the head to extract some spending cuts? >> well, you have to ask the president is he willing to damage our credit rating to keep spending money that he doesn't have? >> reporter: it is a fight that has been going on since before reagan's presidency. >> the obama tax hike. >> reporter: and norquist plans to keep fighting. bruce leshan, 9 news now. >>> homicides here in washington d.c. down 58% from just five years ago. that's a big headline from a news conference held today by mayor vince gray and police chief cathy lanier and matt jablow joins us now from mpd headquarters. lanier is saying they're not satisfied yet. >> reporter: last time there were this few murders john f. kennedy was presi
FOX News
Dec 26, 2012 2:00am PST
. >>> president obama is spending christmas with some of the nation's bravest men and women. greeting marines at a gays near their vacation home in hawaii paying tribute to them and their family. an annual vacation tradition for president obama. that is your 5@5:00. >>> speaking of the president. fox news confirming he will be cutting his vacation short to get back to work on the fiscal cliff. peter doocy has more. >> president obama will departed hawaii for washington, d.c. late tonight leaving his wife michelle and daughters sasha and malia behind. the latest guidance we have from white house is that the president will be back here in the nation's capital where it is presently 36 degrees sometime tomorrow morning. united states government is set to go off the fiscal cliff on new year's day. at this point we don't know if the president plans to return at the to hawaii if the tax hikes are avoided well in advance of the of the new year. he's there to talk to himself. john boehner will come back at any time. his office told us it would be sometime after christmas. so he could be back a
CSPAN
Dec 28, 2012 7:00pm EST
are doing precisely what the people who elected them did, which is rolled back obama initiatives, cut spending. a lot that the debt ceiling should not be increased under a circumstances where they feel like i was a failure. but they basically believe their job is first to obstruct barack obama and once there is a republican president in place to pass this initiatives that create better business climate. more and more deregulation committee funding of programs that have never quite been near and dear to them. i think they do believe -- of course to fast-forward a bit about the debt ceiling fiasco of 2011, but after the summer we were taken to the brink of a fiscal cliff, one we are about to see it it can come in to thinking part of the house republican leadership was maybe her tea party freshman will go home, get yelled at by constituents and they'll realize this compromise is not such a bad thing. the opposite occurred. he went home and people go to town halls tend to be the activists of their party and those people tend to be tea party and everyone screaming, why did you accept a dea
CSPAN
Dec 27, 2012 7:00am EST
spending -- mr. forbes mentioned mr. obama's spending being higher than the bush years. that is not true. the deficit which increases our debt grew so much under obama because he put both wars into the budget. george bush kept him out of the budget -- them out of the budget. was not paying for them, so things looked good. in the first few years of the obama administration, he created more jobs than george bush did in eight years. was theush's, at surpluses are for spending. -- comment was the surpluses are for spending. the put us in massive debt, left it on obama. -- he put us in massive debt, left it on obama. these people sit here and watch these idiots on tv say these things are not true. and then they go and push based on what they're hearing instead of looking into the fact of the matter. host: mr. forbes? guest: i did make mention that spending did increased dramatically under george bush. no matter how you account for the wars, domestic spending under president obama increased very substantially to the point that it is the highest it has been without a world war. theses why
CBS
Jan 2, 2013 5:00am PST
to spend. >> reporter: president obama ahead promised to work with congress to find more spending cuts in the future. but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: treasury secretary timothy geithner has warned congress that the country is just a few months away from defaulting on its loans for the first time in u.s. history. >> the consequences for the entire global economy would be catastrophic far worse than the impact of a "fiscal cliff." >> reporter: but many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. the bill now goes to president obama for his signature. back to you. >> thank you. >>> most overseas stock markets jumped higher today on news that the u.s. "fiscal cliff" has been averted. here's the kospi stock exchange in korea celebrating its first trading day in 2013 it finished up today, as did hong k
FOX News
Dec 29, 2012 6:00pm PST
-- except that obama has stimulus spending built in there. these guys are not far apart. but what we have -- >> the problem -- [overlapping dialogue] >> boehner can get a million dollars -- >> no, no. that's because -- you can't blame that on the democrats [overlapping dialogue] >> how dare they do this to a guest. how dare you? >> welcome tote program. >> thank you very much. >> we are out of time now. [laughter] >> now a word from our sponsors. i want to ask youtical fallout. a lot of people are saying -- let's blame the democrats or the republicans. right now, it seems the democrats are winning the messaging game here. but who will be to blame if we go over the cliff? >> correct me if i am wrong -- especially you -- but it seems like the conventional wisdom, when wh all is said and done, obama will come out looking nice. but right now, what he doesn't care about is a popularity boost in the polls. what ultimately the president cares about, like all presidents, is the legacy. what happens after all of this is said and done, four years from now -- if he blow this is one, this is part of
CBS
Jan 2, 2013 4:30am PST
. >> reporter: president obama has promised to work with congress to find more spending cuts in the future. but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress other than over whether they should pay the bills they have already racked up. >> reporter: the country is just a few months away from defaulting on their loans for the first too many in history. >> it would be catastrophic, far worse than the "fiscal cliff." >> reporter: many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. tara mergener for cbs news, washington. >>> after his address, president obama returned to hawaii to finish his vacation and will sign the bill there. >>> most overseas stock markets rose on news of the u.s. "fiscal cliff" has been averted. the kospi stock exchange in south korea celebrated its first trading day in 2013. it finished up as did hong kong, australia, germany, britain and france. here in the u.s., the new year's first day o
FOX News
Dec 30, 2012 1:00am PST
above -- everything we see -- obama is not offering cuts at all. he is lock looking for spending. >> he is managing the message. so it seems like he's being conciliatory. boehner hassen a lot of heat. he has taken a ton of slack on this. he was given a tential hand of cards. but he came to the table. he tried to at least bring something to the floor. mitch mcconnell knows he is not going to be able to pass anything, any tax cuts. kimberly that, wouldn't pass the senate. let me tell you that. >> allow me to introduce just a little bit of sanity to this forum and say that -- >> yes, juan, please! >> it's incredible to me that you would say they are far apart. actually, they are not far apart. boehner wants a trillion in revenue, however he gets it, closing loopholes, deductions. obama is $1.2. that's not far apart. boehner says let's have one for one, $twenty1 trillion in cuts. obama is $1.3, actually, more than barron, dmeapt -- let me finish -- except that obama has stimulus spending built in there. these guys are not far apart. but what we have -- >> the problem -- [overlapping
FOX News
Dec 29, 2012 7:30am PST
as the eye can see under mr. obama. >> when do the spending cuts happen, sarah? >> never. >> and you often see the tax increases kick in and in the health care law, and spending never gets cut. >> i think you need to look where the spending goes, provide preventive care. and we saw 80 million access preventative care and that's a net savings for the entire health care system passed on to all of us. >> how have job cuts we've seen the medical device makers, they're sounded the horn about them. how does it help the broad economy though? >> what you're seeing is readjusting of the economy. most of this tax money comes out of those making 250,000 or mo more, an increase on those individuals. at the same time that we're finding out here on capitol hill about a decrease on those making 250 or less, so, majority of americans. when we have this increase on a very small portion, we see that those folks are welcoming this increase, a poll released the day before christmas put through american express and the harrison group, saw that 67% of those making 1% or more want today see this increase h
CBS
Jan 2, 2013 6:00am PST
the president more money to spend. >> reporter: president obama has promised to work with congress to find more spending cuts in the future. but he urge them not to play politics with the debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: treasury secretary timothy geithner has warned congress the country is just a few months away from defaulting on its loans for the first time in u.s. history. >> the consequences for the entire global economy would be catastrophic, far worse than the impact of a "fiscal cliff." >> reporter: but many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. the bill now goes to president obama for signature. back to you. >> thank you. >>> our other big story the weather this morning. it could be the coldest morning of the week. let's get a first look at weather with meteorologist lawrence karnow. >> we have some very dry air outside. temperatures plummett
MSNBC
Dec 27, 2012 8:00pm PST
, $250,000 and below. on spending cuts president obama proposed $1.2 trillion, about equal to what he was asking in revenue. boehner passed draconian spending cuts in the house with no revenue component. on extended unemployment insurance, another check for the president. nada for boehner. on the debt limit president obama proposed a structure similar to what republican leader mitch mcconnell proposed last year. boehner wants to hold the nation's full faith and credit hostage once again to attain even more spending cuts. president obama even threw in an added incentive for republicans, by agreeing to a change in the way social security increases are calculated. no such olive branch was ever extended by republicans. get your cell phones out. i want to know what you think. tonight's question, is john boehner's move to reconvene the house a face-saving political move or a genuine effort to reach a deal? text a for political. text b for genuine effort. to 622639. or go to our blog at.msnbc.com. i'll bring you the results later in the show. joining me now is legendary congressman charlie r
FOX News
Dec 28, 2012 11:00pm PST
, dmeapt -- let me finish -- except that obama has stimulus spending built in there. these guys are not far apart. but what we have -- >> the problem -- [overlapping dialogue] >> boehner can get a million dollars -- >> no, no. that's because -- you can't blame that on the democrats [overlapping dialogue] >> how dare they do this to a guest. how dare you? >> welcome tote program. >> thank you very much. >> we are out of time now. [laughter] >> now a word from our sponsors. i want to ask you about political fallout. a lot of people are saying -- let's blame the democrats or the republicans. right now, it seems the democrats are winning the messaging game here. but who will be to blame if we go over the cliff? >> correct me if i am wrong -- especially you -- but it seems like the conventional wisdom, when wh all is said and done, obama will come out looking nice. but right now, what he doesn't care about is a popularity boost in the polls. what ultimately the president cares about, like all presidents, is the legacy. what happens after all of this is said and done, four years from now -- if he
CBS
Jan 1, 2013 4:00am PST
ago it overwhelmingly passed a bill to avert the fiscal cliff. now president obama is calling on the house to pass the bill without delay. the bill stops most of the tax hikes and spending cuts that were to kick in at midnight. tara mergener is in washington with more this morning. tara, good morning to you. >> reporter: good morning, terrell. well, a deal is now on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early morning hours of new year's day, the senate began voting on a bill to avoid the so-called fiscal cliff. >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hikes for 99% of all americans. >> this shouldn't be the model for how we do things around here. but i think we can say we've done some good for the country. >> r if the bill eventually becomes law, the bush era tax cuts will be permanently extended for everyone making less than $400,000 a year. and families making less than $450,000 a year. it will also keep the alternative minimum tax for the wealthy from
FOX Business
Jan 2, 2013 9:00pm EST
. >> she did it all. between romney he said no tax increases and obama who said $3 in spending cuts for everyone in tax increases. the next step is to trillion dollars from obama that he needs to propose on spending cuts. that's one of the reasons it went down to the very last minute, one of the reasons that had to go to the senate because democrats did not impose gentlemen refrms. it's all moving to the conclusion. gerri: it's not something they are long gone. i have to tell you. of watched for a long time. they seem to be more interested in paying off friends and cronies and anything else. >> the only when there was joe biden. gerri: that's really true. >> i think the presient and democrats, all of them really will the republicans, at thing that's hard to argue. >> i would totally agree. gerri: tt is pretty strong stuff. well, stick around. are coming back after the break in the last you all about the next chaptein the soap opera that is washington d.c. stay with us. ♪ gerri: well, a brand new session of congress starts tomorrow, but another budget battle looming perris in the debt
FOX Business
Dec 26, 2012 8:00pm EST
safelyse reelected.ion and then we have the massive spending, $8 trillion in debt obama is running up over the next decade. republicans have several schools. right now they have very little leverage onra this debate over e fiscal cliff because that stuff happens automatically, but the idea of a debt ceiling increasef they told obama more than once if you want a trillion dollars, you will need that eight times in the next decade they will have to cut spending a trillion have to cut spending a trillion eric: i'm a republican, congressman, senator tax pledge to not raise taxes. teo if somebody approaches me and says here is a bill that says if youhi sign this we will cut taxn for 98%, how can you say no to that? my point is this. the administration is winning the war of optics. if they played it this way, do they not win? >> they won the war of optics so far because everything has beene done. done inside closed walls.nd f if c-span, fox are able to videotape the negotiations, the kind of thing we're learning now about obama that i have no interest in cutting spending, just want tax incre
MSNBC
Jan 2, 2013 11:00am PST
brings up all of these things all at once. while it's a short-term victory for president obama on those things, the spending cut issue will continue down the road and there is not a good relationship at all between speaker boehner and president obama and there is the factor of the house conservatives that something has to get through the house and it just looks like we are heading for one more time, another stalemate or roadblock unless something changes. >> that's become the norm. you know that congress hasn't passed a budget on time in years. when this resolution expires in march, what's going to happen? are we going up to midnight of march 1st and all that again? >> i hope not. we are working new year's eve and new year's day. it wouldn't surprise me. there could be something that changes. i don't know if president obama has leverage. he hasn't been asked what he is going to do on the debt ceiling. he said i am not going to negotiate and i am not playing those games. what does that mean? is he going to use the fringe ideas previously of the 14th amendment and bring it up to say he is
CBS
Jan 1, 2013 4:00am EST
. >> reporter: president obama said he wanted a grand bargain that dealt with taxes and spending cuts at the same time. >> but with this congress that was obviously a little too much to hope for at this time. >> reporter: house speaker john boehner has not yet publicly endorsed the deal. and even though congress did not meet the midnight deadline, tax cuts will be retroactive if the bill is eventually signed into law. terrell? >> tara mergener in washington, thank you so much. the bill also extends unemployment benefits for 2 million people. it prevents a 27% cut in fees for doctors who treat medicare patients. but many americans will see a tax hike because the bill does not affect a scheduled 2% increase in the payroll tax. it also kicked the can down the road on automatic spending cuts for the defense department and domestic programs. they've been postponed for two months. as lee cowen reports, that uncertainty has many business owners worried. >> reporter: jo ann vinute is running the numbers. her payroll is due this week. she now has a hint on what taxes to withhold from her dozen employ
FOX News
Jan 1, 2013 5:00pm PST
president. 62% to 35. so it's clear that left wing ideology did not win the day for barack obama. big spending on federal programs did. that's the key. because many in the media would have us believe liberal ideology was confirmedve by this election. it was not.ol however, however. secularism is certainly eroding traditional power. no question about it. those americans who attend religious services at least once a week voted for romney 59 to 39. the problem is church-going is is on the decline in this country. here is an example. despite the president's controversial insistence that some catholic entities provide birth control and after pills, catholics supported obama 50% to 48%. down from 2008 but still a surprise to some. but only only about 30% of american catholics now attend weekly mass. so you can see the impact of creeping secularism on the religious vote. on paper, the stats look hopeless for traditional americans. but they can be reversed. however, it will take a very special politician to do that. by the way, mitt romney didn't even try to marginalize secularism. he basical
MSNBC
Dec 29, 2012 1:00pm PST
having me. >> over the past month, president obama has been spending a lion's share of his time negotiating with speaker boehner, that did not work. what can you tell us about the key individuals involved in the process now, president obama, senator majority leader harry reed and mitch mcconnell. what is the tone? >> it's all about the senate right now, that is one of the more remarkable developments. all along we thought it would be between the obama white house and house speaker john boehner and there was a logic behind that. because getting legislation out of the house is the trickier part of crafting any type of deal. but with the house saying look, we need the senate to do something, the last ditch effort is occurring in the senate right now. i spoke to staffers close to senator mcconnell that said there was optimism on their side yesterday, including from their boss, senator minority leader mitch mcconnell to get a deal. of course, any kind of word in reading from the members themselves will not come until tomorrow, but it's both chris and luke that said in the segment bef
ABC
Jan 2, 2013 4:00am EST
likely. republicans say they will insist on new spending cuts first. president obama says congress has an obligation to raise the debt ceiling. and that is not negotiable. >>> just days after u.s. officials blame the popularity of apple devices for a rise in crime, there was a heist in paris. armed robbers hit the main apple store there after it closed. they got away with more than $1 million in apple product, such as the iphone 5. $1 million worth. >>> but the iphone 5 is so last year, apparently. apple seems to be getting ready for this year. there's signs we could see another tim cook announcement this spring for an iphone 6. developers are seeing markers left behind by new devices left at apple headquarters. those markers say iphone 6. >> bigger, faster, stronger, everything. >>> and poor warren buffett, no longer the third-rich et billionaire. the bloomberg billionaire inthe exsays amancia ortega has a net worth of $57.5 billion. second-richest is bill gates with $63 billion. and number one is mexican telecommunications magnate carlos slim, with $75 billion. buffett falling to fou
CNN
Jan 1, 2013 5:00pm PST
, we got less because obama wouldn't support more spending reduction. so you can have compromise in the direction of liberty, but raises taxes and spending more money, which is what obama wants to do is moving away from liberty, that's not compromising for the american people. that's losing. >> you're painting it in extraordinarily stark terms. >> well, that's the two parties are extraordinarily want to go in two different ways. if you want bigger government versus smaller government, what would a compromise look like? >> do you see any room in the pentagon budget for cuts? >> oh, yes, absolutely. look, serious conservatives need to make it very clear that taxpayers, republicans, conservatives are looking at the entire budget and saying where can we be more efficient and more effective? we have a rather large pentagon budget, larger than most of the other counties in the world that have armies, navies and air forces all added together. >> right, combined. >> and we should have a strong military. we've got to keep the canadians on their side of the border. we ought to make sure that
CSPAN
Dec 27, 2012 1:00pm EST
record of spending -- mr. forbes mentioned mr. obama's spending being higher than the bush years. that is not true. the deficit which increases our debt grew so much under obama because he put both wars into the budget. george bush kept them out of the budget, was not paying for them, so things looked good. in the first few years of the obama administration, he created more jobs than george bush did in eight years. george bush's comment was the surpluses are for spending. he put us in massive debt, left it on obama. these people sit here and watch these idiots on tv say these things are not true. and then they go and push based on what they're hearing instead of looking into the fact of the matter. host: mr. forbes? guest: i did make mention that spending did increase dramatically under george bush. no matter how you account for the wars, domestic spending under president obama increased very substantially to the point that it is the highest it has been without a world war. that is why we're getting these massive deficits today. we have never had anything like this without a major war. yo
LINKTV
Jan 2, 2013 8:00am PST
. president obama is expected to sign the bill to deter the brunt of tax hikes and spending cuts known as the fiscal cliff that took effect at midnight yesterday. the compromise bill passed by the house late tuesday makes bush tax cuts permanent for about 99% of households. it allows tax increases of about 5% only on incomes above $400,000 for individuals or $450,000 for couples. the deal extends unemployment benefits, renews tax credits geared toward low-income families, and delays automatic cuts for military and other spending for two months. president obama compromised on the tax issue after initially backing increases on family incomes of more than $250,000. speaking tuesday at the white house, obama claimed the deal is a victory. >> the central premise of my campaign for president was to change the tax code that was too skewed toward the wealthy and the expense of working middle class americans. tonight, we have done that. thanks to the votes of democrats and republicans in congress, i will sign a law that raises taxi -- taxes on the wealthiest 2 percent of americans while preventing a m
CBS
Dec 28, 2012 4:00am EST
fiscal cliff. in ten days across h board-spends cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. >> they have to have their milk. we might have to cut elsewhere. >> reporter: back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the new price of milk will with far above what it now costs dairy farmers to produce it. >> it really will be chaos. >> reporter: so we would go back to this old farm bill which would force the government to buy milk at an extremely high price. >> that's right. >> reporter: this could be a windfall for dairy farmers. >> here's the problem. they don't want chaos. it sounds good, everybody will double or about triple the price but nobody's going to pay for it. >> shoppers couldn't understand why
FOX News
Dec 26, 2012 1:00pm PST
spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told obama if you want a trillion dollars in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican congressman and i signed your tax pledge to not raise taxes. if someone says here's a bill that says if you sign this we will cut taxes for 98% of americans. how could you say no? my point is, the administration is winning the war of optics. if they played it out this way, do they not win? >> well, they've won the war of optics so far because everything's been done in camera. it's been done inside closed walls. if c-span and fox and -- were able to videotape the negotiations, the kind of thing we're learning now about how obama said i have no interesting in cutting spending, he's been lying for two months about his negoti
FOX Business
Jan 2, 2013 7:00pm EST
restraint. that's not what happened. obama caved, give us the spending restraints. the next fight is one, the republicans have more of an upper hand. lou: it will be interesting to watch and see how that plays out. grover norquist, good to have you with us. >> good to be with you. lou: joining us now, chief economist of moody's. let's turn. you just heard grover norquist describing what is happening in washington d.c. entirely rational, makes perfect sense. i'm sure the nation is placated. how you feel? >> just a bad day. for some reason makes people very glad on wall street today. the question is whether or not the markets will continue to perform well going forward. lou: whether they do or don't, you can't argue with markets. markets and investors obviously decided to bump up the volume to over 4 billion shares. i mean, it's not the stuff of legend, but it's a marked improvement over last year's average. >> i guess there is reduced lori about a possible recession. they believe the earnings growth, no matter how slow it might be will be sufficient to support higher share prices and
CBS
Jan 1, 2013 4:30am PST
the bill doesn't address spending, guessed it passed in the house could be tougher. >> the fact that we're not where we need to on this is disgusting. >> reporter: president obama said he want taxes and spending cuts at the same time. >> but with this congress that was a little too much to hope for at this time. >> reporter: house speaker john boehner has not publicly endorsed the deal. tara mergener for cbs news, washington. >> now, the house is set to reconvene today at 9 a.m. pacific time. a house vote is expected today or tomorrow. >>> what a night. no fog this year, perfectly clear last night for fireworks along the waterfront here in san francisco. it's beautiful out there. a lot of people showed up for the 15-minute display and jammed the streets near the bob barker. when it was all over, i think most of them are still out there, it was crowded getting into work today but there was some violence during the new year's celebration here in the city. cbs 5 reporter cate caugiran is in san francisco with the problems police had with the new year's crowd and has the latest. >> repor
MSNBC
Dec 30, 2012 5:00pm PST
for cutting spending. you heard mitt romney criticize president obama because he's not spending enough on ships, which we don't need, and not staying long enough in the war zones. the republicans' view of spending is very particular one. secondly, as far as the american people are concerned, people in their districts, gee, if they represent districts in new jersey and new york they want more spending. you know, people -- if you ask them they want government pending they say no. do you want to cut medicare? no, not that. how about firefighters? people boast of cutting government. when was the last time you heard them cut fire department or cut down on snow removal? in fact the republicans tend to be opposed to spending in general. when it comes to particular spending, remember paul ryan acknowledging he was seeking to get the stimulus money that he was denouncing. but in any case, it's not the democratic position we should put all of the increased revenue into spending. by the way, i believe much of government spending is very important. there are things that we need for the qual
NBC
Dec 27, 2012 11:00pm EST
fix on general one, tax hikes and spending cuts will kick in. president obama will meet and search for some type of compromise. leaders continue to play the blame game and point figures. >> i cannot imagine their consciences. we are here trying to get something done. republicans are not about to write a blank check just because we find ourselves at the edge of the cliff,. >> i highly unusual sunday evening session. a man is in a, tonight after he -- found beaten in the hous in a house. he suffered from head trauma. he had gone to give estimates on contract work when he went missing. >> they robbed him. they were wrong for what they did. i hear about stuff like this on the news but i would never know it would come to my family during the holiday season. >> the search continues for a suspect. ever since the massacre, he gun control debate has been raving. it had us curious about gun sales in maryland. >> the rifle adam lanza used was legally owned and registered to his mother. police say he shot her florida -- four times in the head before going to the elementary school and killing 2
FOX Business
Dec 28, 2012 4:00pm EST
big question is, president obama's increased spending a lot over the past four years. how will he get the revenue from that? is raising tax rates on the so-called rich enough to do it? no, it's not. it doesn't bring in enough money. one the ways he might do it is to squeeze the energy companies a little more. coming up, ceo of southern company, one of the most important guys in the universe will join us right here to say if he expects the big squeeze from the white house. >> i'm david asman with your fox business brief and here east one crisis averted anyway. unions representing dock workers and shippers reached a agreement delaying a strike that could have cripple the u.s. economy. longshoremen and maritime alliance agreed to postpone for 30 days. >>> this would mark the best year for the auto industry since 2007, but experts say the gains made in december could be overshadowed in january because of concerns about the fiscal cliff. >>> the chinese government announcing stiff new rules and requiring users to provide real names to service providers. the move place as greater burden
CNN
Dec 29, 2012 4:00am PST
president and congress to make a deal and avoid those automatic tax hikes and spending cuts. obama met with top leaders from the both sides of the aisle in a rare meeting that lasted over an hour. afterward, he spoke about the importance of the deal for the u.s.'s still recovering economy. >> economists, business leaders, all think we're poised to grow in 2013. as long as politics in washington don't get in the way of america's progress. so we've got to get this done. >> senate minority leader mitch mcconnell also spoke after their meeting expressing home that the weekend would bring a deal. >> we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation i can make to my conference and the majority leader can make to his conference. and we'll be working hard to try to see if we can get there in the next 24 hours. i'm hopeful and optimistic. >> we're watching that story closely. >>> protesters demanding justice for the young woman who has died now after she was brutally beaten and
MSNBC
Dec 28, 2012 9:00am PST
remind everyone where we are at. if you look at spending cuts first, barack obama has basically moved about $325 billion on spending and speaker boehner, according to the last real public offer, has moved about $350 billion. i think it is fair to say had both moved relatively equally. but if you turned to tax increases, obama has already moved from, again the last public real offer $355 billion while boehner's moved only $150 billion. less than half. and then finally, and i want to go to you to unpack this. the stimulus money. this is not to be forgotten. we are in a recession. and many economists say that whatever else you do with long-term entitlement reform which is real, another real thing is growing the economy. obama has moved $250 billion. the number that boehner has moved on that stimulus is zero from the last final comprehensive offer. what do you make of that pacting that we are not mere the 50-yard line anymore? >> we also add that not only has boehner month moved, he can't get his own caucus to vote on the plan he brought forward. we are not only talking about symbol
CW
Dec 31, 2012 10:00pm PST
spending cuts. >> reporter: president obama had scolded congress for waiting so long. >> one thing we can count on with respect to this congress is that if there is even one second left before you have to do what you're suppose to do, they will use that last second. >> reporter: the bush era tax cuts remain in place for individuals earning as much as $400,000 a year and families $450,000 a year. for above the $250,000 level on which president obama campaigned on. but those making more will see higher income taxes, capitol gains, and dividend rates, plus a new health care reform surtax. san francisco tax attorney rob wood says you'll notice in your pay tax will be history. >> the average person earning $50,000 a year is going to pay about $1,000 more in payroll taxes in 2013. >> reporter: the fiscal cliff agreement increases taxes on the states worth more than $5 million. it extends unemployment benefits for one year and keeps the child tax credit for workers who don't earn enough to pay income taxes. the alternative minimum tax got a tax for inflation, which shields 33 million taxpayers a
MSNBC
Jan 2, 2013 12:00pm PST
happening with house republicans. i'm with you. i think that president obama cannot say they will not negotiate. house republicans want spending cuts, but what's to stop them from asking? what's to stop them from asking for raising the medicare rate? all these things obama put on the table. as we saw, they will go up to the edge and they have no qualms about it. we downgraded for the first time in the nation's history. i'm with you. i think it will be the hot topic and i will be followed by government funding fight within the next month. we are at the beginning of the beginning of tumultuous times. the thing about this one, it could tarng the global economy. >> i want to bring in the assistant managing editor at "time" magazine. i guess picking up on that, that seems to be the real question. what happens when you get to the negotiations over the cent ceiling and beyond that. look at the debt ceiling. republicans will be looking for serious changes whether it's raising the medicare age or something else. they will have the leverage of saying we are ready to force a catastrophic default
FOX Business
Jan 3, 2013 6:00pm EST
believe in cutting government. if you get to barack obama and singh were spending 24 percent of our economy and government spending, he doesn't think that's too much. i don't think he would be upset if he was 26 to 28%. the real question is how you get somebody who is not terribly interested in getting government or reforming entitlements to do something he is not terribly interested in doing. gerri: do you agree? >> has said this before. i don't know the answer. and that he certainly has a lot of people are around him in the white house to feel very strongly that the deficit is a major problem and does need to be cut, probably most, if all of this policy people feel that way. but he has not made it a priority. he has given it let service, talked about what he's running for office, but he has not done a lot to show that he's serious about it, and he is a lot of pressure from the left saying, don't you dare touch entitlements. they don't think there's a problem. you have all who everyone likes to sing our only problem is the deficit being reduced to quickly. so to me that jury is sti
NBC
Dec 31, 2012 6:00pm EST
resolved before it can bring legislation to the floor. >> in an afternoon briefing, president obama said he will not accept the deal that slashes spending without raising taxes, too. >> if they think that is going to be the formula for how we solve this thing, that is not how it is going to work. >> republicans reacted this way. >> i know the president has done heckling congress. i think he lost probably numbers of boats. >> he laughs and jokes and ridiculed republicans. >> both sides still have to sell any deal to their rank and file, and some democrats were not pleased. the senate may or may not vote on this tonight, but the house is adjourning and would vote on this tomorrow at the earliest. so technically, at least, the nation goes over the cliff at midnight. sally kidd, wbal-tv 11 news. >> maryland could lose hundreds of millions of dollars and tens of thousands of jobs if america does go over the fiscal cliff. researchers estimate maryland will lose millions in federal funding next year, money already in the state budget. an october report also estimates 53,000 full and part-
FOX News
Dec 27, 2012 6:00pm PST
only pay for 8 1/2 days of government spending. now president obama has not been a leader on this. he's not been serious. he's been acting weak and, of course, clinging to his radical ideology. enough is enough. maybe it's time to have the republicans call the president's bluff. let him take the country over the fiscal cliff if he so chews. republicans were elected to get the fiscal house in order. maybe it's time to stand up for your kids, your grandchildren. maybe they should dig in their heels and say they are looking out for the future and future generations. maybe now is is a time to take a principle stand and say they are not going to let washington continue with the out of control spending, the debts and deficit. maybe now at this moment maybe that's the right thing to do. joining me now with reaction to the developing steer are congressman loui gomert and -- go ahead. >> i can totally with him that he cannot imagine our consciouses in the house because you would have to have one to imagine ours, and he's shown repeatedly over three years of no budget? come on. the guy has
FOX News
Dec 29, 2012 1:00pm PST
spending and wouldn't affect military personnel and president obama says his intent to exempt the accounts to pay for military personnel. does it mean anything to you? >> it's going to preserve pay scales but you don't take half a trillion out military without affecting people. i think both chiefs of army and marine corps have said that. we're going to have to go active duty military, those that have served four, five, six tours in afghanistan and tell them they need to leave prematurely and think that is wrong. >> arthel: we appreciate your perspective. >> gregg: overseas in france, a high court has now just struck down a 57% income tax rate on the richest citizens they're saying it's excessive and unfair and unconstitutional. the ruling is a huge blow to the president who had promised during his campaign to raise taxes on the wealthy. katherine field is a correspondent for global radio news and joins us from paris. what did the courts say about this. >> reporter: good morning. the constitutional court said in essence that the tax failed to recognize a quality before public burde
Current
Jan 3, 2013 3:00am PST
boehner. true. i think, for president obama to spend one more minute, one minute talking with john boehner is just a total colossal waste of time. >> it sounds like that might not happen. it sounds like john boehner is finished negotiating with obama as well. >> bill: i think it is the other way around. rebecca berg is with us here. she covers congress for "buzzfeed." buzzfeed.com. so should the president have accepted this deal? 1-866-55-press. and are you satisfied with john boehner's late minute compromise on the relief to hurricane sandy? >> announcer: on your radio and on current tv, this is the "bill press show." >>ok, so there's wiggle room in the ten commandments, that's what you're saying. you would rather deal with ahmadinejad than me. >>absolutely. >> and so would mitt romney. (vo) she's joy behar. >>and the best part is that current will let me say anything. what the hell were they thinking? (vo) current tv gets the converstion started next. >> i'm a slutty bob hope. >> you are. >> the troops love me. the sweatshirt is nice and all but i could use a golden lasso. (vo) o
FOX News
Jan 2, 2013 6:00am PST
and borrow, to pay for other spending should that happen. it is unfortunate that the president wasn't willing to engage on this front and it is unfortunate --. arthel: well, president obama says spending cuts could come in future deals. so how much more money are we talking about that we'll be putting out? according to the congressional budget office the bill contains $600 billion in new tax increases but just 15 billion in spending cuts. that is reportedly a ratio of 41 dole to one and the deal has more than $300 billion in new spending. bringing in stuart varney, host of "varney & company" on the fox business network. you're not doing the happy dance this morning, are you? >> no i'm not doing the happy dance. let repeat the big picture. taxes are going up. there is no significant cut in spending. in fact spending will go up. the debt continues to mount. arthel, at the risk of sounding harsh we look a lot more like greece as of this morning. some details, everyone who works as of right now will pay more in social security tax. successful people, big money earners, they will pay more
MSNBC
Dec 27, 2012 9:00am PST
they have been. if you look two years ago at the ratio obama was proposing spending cuts versus revenue. it was four to one. now it's one to one. >> you have that $1 trillion already passed. >> you do. but i think the credit the tea party gets for shifting that debate wag overblown. >> but it was deficit reduction versus short-term spending at the start of 2010. and it immediately moved to deficit reduction and how to do it. and that was a very fundamental, important shift in the conversation. >> we have to go, but -- we have to go, but i heard that after the show, sam stein will be on twiner. you can be there, too. >> we can get together. >> we have another important item, though, which is the biggest hurdle arguably to president obama's second term agenda. that's something you're probably never going to hear about, literally. people think of the filibuster as a talk athon to stop action in the senate. but nowadays it has been attacked with a constant extreme of silent filibusters. up next, the talking filibuster ahead live. >>> time for the your business preer oes weeks. amber
NBC
Dec 26, 2012 6:00pm EST
growing that the white house and republicans can cut a deal in time. after spending part his christmas holiday visiting presidenthow y. hawaii, obama will return to resume talks. formal negotiations have yet to be scheduled. the house will reconvene on thursday. >> we have seen this game played before. it literally came down to the last minute. >> is the country goes over the fiscal cliff, some economists fear the combination of budget cuts and higher taxes could trigger another recession. others say the deadline is not as firm. congress could pass a temporary measure early that would roll back any changes. political analysts warn some consequences may be immediate. >> maybe a tremendous response and that would alarm everybody. >> stock prices dropped friday after a republican-led plan collapsed. nearly half of americans are doubtful the two sides can settle their differences. >> when the uncertain. tax rates will go up on 30 million households at least. that is something the politicians are going to respond to. >> house republican leaders called on the senate to pass to bills they sai
FOX
Dec 28, 2012 5:00am EST
highhstakes meeting will be held in washington this closer to the fiscal liff. president obama and top congressiinal leaderr will look for commonngroond to keep autooatic tax innreases and spending cuts from kicking in. ed payne has theestory. 3 in what is seen as a last-minnte attempt to reach a deal, president obama mmets t the white house with senate majority leader harry reid,, pelosi, senate minority leader miich mcconnell and houue &psppaker john bbehner. they have only our days to reach an agreement... or the u-s economy will go over thee so-called "fiscal cllff." that's when automattc tax increasse and ssendinngcuts would take effect. reaching a deal beeooe then on't be easy. becauseeright now, both high-stakes political blame game. we are here in washingtonnworking while the members of the house of reeresentatives are out watching movies and watching the kids play soccerrand bbsketball and doing all kinds oo things. they should be here. i told the prreident i'd beehappy to look at whateeer he proposes but the truth is we're coming up against a hardd &pthis is a conversation we
FOX News
Jan 3, 2013 3:00pm PST
extracting spending cut. today, the former budget director for president obama for both president obama talked about whether the democrats have leverage in the fight. take a listen. >> you can say you are not negotiations but there will be in february and marm. >> who has the leverage in this? if you look at what happened in three days do you say the democrats won? say the republicans won? >> the white house won that round. by not insisting the debt limit tied to the package, it's possible they will win the week and lose the quarter. you don't know yet until you see how february, march plays out. no doubt they have less leverage than in the round they completed. >> orzag is blunt, there saying the hand that the white house has is not as strong as believed. >> blunt, but i'm not sure i agree with him. republicans if they play the cards right. they would have leverage because of the debt ceiling. but it cuts both ways. bret explained there were technical issues there earlier but the fact of the matter is the president can stand back to say the irresponsible republicans are playing w
ABC
Jan 1, 2013 5:00am PST
of the debate. it is time to redouse washington's out of control spending. >> president obama called the vote the right thing to do for the country. republicans compromised on the tax rates and democrats gave in on the state taxes. - estate taxings. >> there is another crisis looming on the horizon. lawmakers have to worry about the debt ceiling. the u.s. roached the legal borrowing limit yesterday . the treasury department is taking measures to buy time until the end of february including suspending investments and benefit fund saids for federal workers or they will not pay the country's billos time. congress must vote now to raise the debt ceiling and setting the stage for yet another battle on capitol hill. a new year brings new numbers on the paycheck of thousands san francisco workers. a higher minimum wage comes in . carolyn tyler has the details. >> the street prides itself on the salaries paid to workers in the back of the house. cooks and dish washers and a record high minimum wage rose in from 8.50 in 2004 to 10.24 an hour and jumps to 10.55. >> will it keep you from hiring
FOX Business
Dec 26, 2012 11:00pm EST
spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told oba if you want a trillion dollar in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican congressman and i signed your tax pledge to not raise taxes. if someone says here's a bill that says if you sign this we will cut taxes for 98% of americans. how could youay no? my point is, the administration is winning the war of optics. if they played it out this way, do they not win? >> well, they've won the war of optics so far because everything's been done in camera. it's been done inside closed walls. if c-span and fox and -- were able to videotape the negotiations, the kind of thing we're learning nowbout how obama said i have no interesting in cutting spending, he's been lying for two mons about his negotiationing
CBS
Dec 28, 2012 4:00am PST
. >>> and president obama meets with congressional leaders this afternoon at the white house to try to cut a deal to avoid the so-called fiscal cliff. in just four days across-the-board spending cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. perhaps $6 per gallon. at issue is the farm bill and how much the federal government pays farmers. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. that has dad sean rasmussen worried. >> they have to have their milk. we might have to cut elsewhere. >> reporter: without new legislation government prices revert back to 1939 levels. back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the new price of milk would be far above what it now costs dairy farmers to produce it. >> it really will be chaos. >> reporter: so we would go back to this old f
FOX News
Jan 2, 2013 9:00pm PST
hours. obama got his tax rate increases. shouldn't this entire debate be about reducing spending, the intoxicating spending in washington? can republicans pull that off? >> well, that's what the sanguine conservatives are saying. what the white house memos are saying, we have only begun to fight on revenue increases. they're going to go after the elimination of deductions, to phase out further deductionsen they've already done some phaseouts. obama is cocky, the most ungracious person i've seen, and grading the republicans immediately after the deal was done. if the debt ceiling is the not negotiatable he will not allow that to happen again. he's going after more taxes and if lanny wants to talk about this being a moral issue then lanny can't possibly support president obama anymore and have credibility. i think he's a great guy, but what i'm saying, lanny, obama wants to exact against america and he has no intention of solving this debt crisis, you can't do it with revenue. he wants to even the score of the so-called wealthy and you can't raise enough taxes to put a dent in this debt
FOX News
Dec 29, 2012 8:00pm PST
you want the government to do nothing about spending? are you happy with obama care? most would say no. but in the end the choice was between a president who said things aren't great, but i'm going to still try to make them better, and a guy who he painted as not having a plan and not identifying with the average wants and needs of most middle class americans and in the end people decided to stick with the devil they knew rather than the one they didn't. >> so the republican defeat was big, but it wasn't overwhelming in the sense of a repute yags, in your view, of the republican platform or their agenda. >> no, and i think the reason -- look. this country did have the opportunity to once again hand controlled government to democrats. everyone in the house was up for re-election, and yet they continued to givene republicans the majority. they like divided government, and they have to look at the states who elected the very conservative governors who are doing the exact opposite of what barack obama is doing at the federal level. jay dan, there are real implications, consequences to the
FOX News
Dec 31, 2012 1:00am PST
, very beginning and dana, we saw today president obama take to the sunday shows and spend the whole time blaming republicans. if we go off the cliff, who do you think is going to take the fall for this? i say republicans are just, they're going to go down because it's just tough to run against the white house with a bully pulpit. >> and i just believe that you can't worry about the short-term pr effects of something, that you have to do what's right based on principle and be able to get up in the morning and look in the mirror and say i stood on principle and i did what was right. when mitch mcconnell is speaking if you strip out the fact that there's all the other noise, what he's saying is actually true. i think that policy based on fact is better policy based on revenge. one comment on the interview president obama did with david gregory he taped it yesterday afternoon at the very same honor that mcconnell was actually trying to get a deal done. so to me, the president actually wants an argument more than a deal. he could have been helpful and instrumental in getting things done
CNN
Dec 26, 2012 11:00am PST
na na na na ♪ and everybody go uh! >>> we told you last hour president obama is spending his last few hours in hawaii before returng early to washington. he's expected to arrive tomorrow, just five days ahead of the fiscal cliff, which includes an across the board tax hike that congress has tried but failed to undo. cnn's dana bash is with us from washington, our senior congressional correspondent. we spoke last hour. you told us that hour speaker john boehner was to convene this conference call to decide whether or not to call the house back into session. we know the senate is supposed to convene, but nothing can, of course, take place until the house is in session as well. do we know the results of that conference call? will boehner reconvene the house? >> reporter: i'm told by a source familiar with the call, which just happened within last hour, as you said, that no decision was made on the schedule or timing for the house. as we talked about an hour ago, the leaders in the house have promised the members that they won't be called back without 48 hours notice. so at this point
CW
Dec 30, 2012 9:00pm CST
and possibly into an economic free fall. facing a dreaded combination of spending cuts and tax hikes... president obama made an appearance, on n-b-c's meet the press. "regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly." democrats want to keep the bush-era tax cuts for everyone, except the wealthiest americans. just how wealthy?..is a major sticking point... with negotiations now focused on an income threshold around 400-to-500 thousand dollars. *republicans argue the problem isn't tax revenue...but spending. they want reforms to entitlements. but a proposal to change the way social security benefits are measured against inflation was pulled from the table. vice president joe biden -- talked to minority leader mitch mcconnell several times today...in an effort to break the stalemate. hopefully, the discussions between the vice president and senator mcconnell will get us back on track, hopefully get a breakthrough and something we can vote on. i hope by the end of day tomorrow n
FOX News
Dec 31, 2012 3:00pm PST
in this deal. no additional spending cuts. >> there this is the other part of this. obama doesn't -- obama believes in stimulating the economy through spending. he doesn't believe in making all the cuts. so again, like you are asking him to adopt a world view he doesn't have. >> bret: even though he talked about it many times. >> he does talk about it. >> expounding upon it. fixing social security and medicare. >> anybody who reads paul krugman, grand pubah of economics on the left his worry that the deficit will be reduced too fast. i'm not endorsing this from a policy perspective. i'm telling grow a political perspective this is the situation with the president. so to say he should want cuts that the republicans want is to ask him to adopt a philosophy he doesn't have. i'd say if i was a republican, i would be bothered by republican party not being more specific and holding his feet to fire on it. >> bret: the senate democratic caucus could slip a the white house is saying that the vice president heading up there the time is not firm. >> so we'll be here. >> bret: we'll be here
CNN
Jan 2, 2013 11:00am PST
don't want to pass a bill to spend money at the same time as they're challenging the obama administration -- spending? >> you have to ask them. i was given no explanation, michael. i was given no explanation. i was called at 11:20 last night by leader cantor and told that authority for the vote was pulled by the speaker. and our delegation asked for a meeting with the speaker at that time, they were refused. i called the speaker four times last night after 11:20, and he did not take my calls. so you have to ask the speaker. >> governor, what is the real consequence of this? it is not just a sense of our feelings are hurt -- >> sure, i mean, listen, every day that we don't begin to get this aid are days we can't help people get back in their homes, get businesses reopened, get our economy moving in this state again. those are the real consequences of it. inability for people to plan about what their future is going to be. it's absolutely disgraceful. and i have to tell you, this used to be something that was not political. you know, disaster relief was something that you did
MSNBC
Jan 2, 2013 11:00pm PST
come from to fund all of the government spending that president obama wants to do, because the truth is it's still -- it's still true that most of the income in this country is in the hands of the great middle class. >> the way you just voiced that makes -- lends credence to the fact that this is a tax increase to some. grover norquist gave his blessing to the deal and justified it by saying republicans didn't technically raise taxes since the bush tax cuts expired on january 1st. he was on with our andrea mitchell today. look at what he had to say. >> no republican voted for tax increase. what happened was obama had the damocles over the people with the tax increase over the next decade that would happen automatically. the republicans are quite clear. they want the tax cuts extended for everyone. the president insisted on taking them away from some people. that'll hurt the economy. he got his tax increase, but he can't claim republican fingerprints on his tax increase. >> well, wait a second. i mean, we're not living in the alice in wonderland world here. there is a tax increa
CNN
Jan 3, 2013 6:00am PST
president obama over spending and the debt. in a yahoo! news op-ed he says this, "the president may not want to have a fight about government spending over the next few months but it's the fight he is going to have because it's a debate the country needs." >>> lots of tea party activists are outraged that congress approved the fiscal cliff deal, some even say they're extremely disgusted, like tea party express chairwoman amy kremer who said this. >> i think there are going to be consequences, because you know, we -- people have been understanding and tolerant but at the end of the day, how long can we continue down this path of spend and spend and spend some more? >> well the fiscal cliff deal raises taxes on americans making more than $400,000 a year and puts off some spending cuts for another two months, both big issues for the tea party movement, the same movement that helped push a new breed of conservatives to power in 2010, like senator pat toomey from pennsylvania who voted to pass the deal and senator ron johnson from wisconsin who also backed the tea party movement in 2010 and
ABC
Dec 28, 2012 11:00pm EST
jobs. >> reporter: harry reid and mitch mccono agreed to spend the weekend working on a fall back plan that can pass both chambers of congress. >> some people will not like it, but that's where we are. >> reporter: president obama is pushing for a stop gap measure that would at least avoid tax increases on people earning less than $250,000. frustration is growing. a simple stop gap percent is not what men -- measure is not what many in washington hoped for. many blame president obama for the collapse of a bigger deal that would reduce spending and cut the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together. >> house members don't get back here tonight sunday night. >>> president david wilson may be getting a remove of sorts after a lengthy public meeting months announced it is negotiating to keep him on until june 2014. his current contract expires in june of 2013. it was a rough year with two shootings on campus. >>> the russian president signed a law banning americans from adopting russian children. a law that people say is heartbrea
NBC
Jan 3, 2013 6:00pm EST
president obama -- you got your tax hikes on the rich. it's time for deep spending cuts. >> the first step is for democrats to get over their fanatical commitment to guarding every single time the government ever got its hands on. >> reporter: in the senate and house action no big changes in the democrat/republican balance. that's a guarantee of continued gridlock. soon this could shuffle down government and imperil the u.s. economy. i'm steve handelsman s. news4, capitol hill. >> senator mark warner now becomes virginia's center senator after just four years in office. we'll hear his thoughts off immediate budget-cutting challenge facing the congress. >>> secretary of state hillary clinton is expected to return to work next week. her spokeswoman says details are still being worked out. the secretary was released last night after being treated for a blood clot. she's now resting at home. doctors say they don't want her making international trips for a while. the spokeswoman said she's committed to testifies on capitol hill about the benghazi attack, but there's no date set yet. >>> a forme
FOX
Jan 2, 2013 6:00am EST
nothing. thhre were no spending cuts, 00 billion more in spending ffr obama's buddies and 3 trillion more to the overrll debb. how does that fix annthing?" coming up in our 8 o'clock hour.. she won the "announcement" contest... with her big baby news!!ow's she goinggto top that??ee what emily gracey immrov group.. coming up in e hotspot.:30 its the only needle you can thread bllndfold. blindfolded.and next....we'll see if it ccn eally doothat. we put the "one second needle" to the will it work tess. morning news.. all local.. all morning. ((bump in)) off top: incue: you poke cut.... outcue: the needle with a built in threader threaddr3 it promises to be the only needle you can threaddin just second.we're putting the "one &psecond nneelee to the will it work test.- the firss claim: one second sscond :20 this issa giant one seeond needle all you do is loop and threed its that eas. pasy. - the second claim: you can do &pit blindfolded- will it work? 3 - will it work?- will it work? sizes for ten dollarssfor more for ten dollarr.in various siies for more for mmre inforration on ordering
FOX News
Jan 2, 2013 6:00pm PST
, obama supporter for him to show no desire to stop this reckless spending and borrowing. where are you. >> i'm upset by the deal, i have a 14-year-old son joshua watching tonight and you're using, our generation is using collective credit cards and handing our kids and grandkids receipt to the credit carts that are immoral. so both parties share a morale issue-- >> where is obama. >> president obama gave speaker boehner a deal last summer. >> sean: oh, stop. >> that he could have said yes to, that could have been the beginning of reducing the debt. >> you're going to blame-- no, i blame both parties and this pork that you just mentioned is disgusting. i'd like to see the names of the congressmen responsible for that pork, publish their names and we should be ashamed of what's been going on with the national debt that our children are going to have to pay for. >> bob woodward said in his book, the price of power, he's clear, where they're going to look through the prism of history and say the john boehner era. they're going to say this is the obama air a the president is supposed to lea
FOX News
Jan 3, 2013 2:00am PST
that obama has any interest in cutting spending. in fact audaciously last night he said oh we have to cut spending so he tossed it out he gave a nod to it then immediately says we have to increase your investments, that's the word that he used if you are a democrat for spending. education, research and development, roads, bridges. he is talking about increasing spending while he's pretending to be interested in the debt. >>> the president has remained firm he is not compromising or negotiating about the debt ceiling. >>> and before you leave the house this morning you need to get your first degree weather update with miss janice dean, right heather? >> temperatures plummeting overnight. not your fault, though. >> it is good snuggle weather, right ladies? >> yes. >> it is so cold. how cold is it? below freezing in dallas, texas. 31 degrees. 30 in memphis. 25 kansas city. 18 minneapolis, 16 denver. you get the picture. 33 in el paso. windchill what it feels like if you are not well protected if you are not snuggling up out side. feels like minus 3 in cleveland. one of the coldest days a
FOX Business
Jan 3, 2013 9:20am EST
: why didn't president obama reduce spending? >> he tried to negotiate a bargain with congress but found the house of representatives was completely unwilling to consider anything -- [talking over each other] stuart: $620 billion in tax increases, $15 billion in spending cuts. >> i find it baffling that republicans just voted against a bill that would cut taxes substantially relative to current wall. they were voting for allowing the bush tax cuts republicans passed that only lasted for ten years, they were voting to allow them to lapse. remarkable thing for republican congress to do. stuart: the top rate on income tax is 39.6%. that has gone up from 35 to 39.6. you are happy about that? >> i am. stuart: when you're prepared to pay even more. how much more? >> what i think should happen next is there should be a grand bargain that includes suustantial spending cuts as well as reform -- [talking over each other] stuart: how much more? >> it is not just a question of marginal rate. you talk about -- you talk about work and i agree. [talking over each other] stuart: i am insisting on
FOX
Dec 30, 2012 9:00am EST
into default unless there are serious and main spending cuts. at that point does this obama victory perhaps look a little different? >> well, i mean, i think the question is, are they really going to want to do what they did last time with the debt ceiling, which ultimately caused us to have a downgrade of our economy. do they want to do that again? i think it is a bit of bluffing. i don't think they really want to do that. in terms of the president winning, he has won, though he will catch a lot of grief as byron alluded to from the left for, if he goes up to 400,000, for example, they think he should stick at 250 and don't want any kind of social security cuts and that is on the table apparently in the the new deal, so in that sense he'll catch flak. but, overall, yes, he'll get what he wanted in terms of taxes, and has given up very little in terms of cuts and, look he didn't run on cutting the government, really. he ran on raising taxes, and, so republicans keep saying, well, there is no cuts, no cuts and the president never really said that much about cuts -- >> you do understa
ABC
Jan 1, 2013 11:35pm EST
, sparing the other 98%, and those big spending cuts, they will be postponed. president obama tonight spoke about the nation's road ahead. >> the sum total of all the budget agreements we have reached so far proves that there is a path forward, that it is possible, if we focus not on our politics, but on what's right for the country. and the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, not scare the heck out of folks quite as much. >> we'll see. "good morning america" is going to have all the latest on these developments in washington tomorrow morning. >>> but for right now, we're going to turn to brand-new developments in the story "nightline" has been following for the past year. it's an amazing story involving an american man caught in a worst case scenario far from home. it's been 580 days. 580 days since jacob, an american small businessman, a brooklyn father of five and grandfather of 11, was arrested in bolivia and incarcerated in the prison, one of toughest and strange
PBS
Dec 27, 2012 4:00pm PST
31st and higher taxes and spending cuts will automatically take effect. president obama has cut short his holiday to revive the talks. >> if we go over this cliff, the house of representative with four days left are not here with the speaker having told him that he will have 458 hours' notice. i cannot imagine their conscience out there wherever they are around the country and we are trying to get something done. >> why is the american economy teetering on the edge of the cliffs? these are some of the things that president obama is trying to prevent with the return to the lighthouse. an employment has fallen to a four year low and currently stands at 7.7%. no deal could mean 2.1 million jobs disappearing parent to it would equate to a contraction of 1.5% in the value of all goods and services america producers meaning less money to afraid with the rest of the world. as far as the republicans concerned, there is that we will not give you a blank check. >> mitch mcconnell, the republican leader in the senate, said that he thought there was still time to avert what he called a budg
CSPAN
Dec 28, 2012 7:00am EST
in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for paying what. so it's going to be a mess if this is not handled quickly. host: if we are sitting here a month from now after the inauguration and there's still no final agreement on taxes, could that the label 15 -- guest: no doubt about it. secretary dieter even said that a few days ago. --secretary tim geithner. it could delay the tax filings. the government relies on august revenue to
FOX Business
Dec 27, 2012 12:00am EST
sequester. these are automatic spending cuts. the obama doesn't want them. this is leverage point for republicans. adam: you're an economist. we're journalists and we're only good for free drinks. are we going over the cliff? >> i think it is undeniable the economy falls into recession if we do go over the fiscal cliff. even chairman bernanke was very clear on this point telling everyone if the economy goes over the fiscal cliff even the fed itself does not have you have enough tools to go over against the impact. in terms of lack of investment and in terms of businesses closing their doors and remaining sidelined still for quarters going into 2013. adam: well, lindsey, you again are an economist. which is worse, the spending cut from the sequestration or the tax increase? which hits us, 310 million of us are american citizens. which hits us worse? >> well generally when we talk about the difference between spending cuts or tax increases you have to think of taxes as having 1 1/2 times the impact because what that does, there is a trickle down, in fact. we pull out the dollars from in
FOX News
Dec 31, 2012 12:00pm PST
working out the automatic spending cuts. president obama weighs in saying middle class families can not get caught in the middle. >> the last thing folks like the folks up here on this stage can afford right now is to pay an extra $2,000 in taxes next year. middle-class families can not afford it, businesses cannot afford it, our economy can not afford it. >>trace: traders on wall street are watching the president's comments. the chance of going over the cliff may not look great but the dow is up for the time being. we have fox coverage with wendell at the white house. but, first, mike is live on capitol hill. the senate leader is the -- actually, the minority leader, what is he telling colleagues? >>reporter: he said they are very, very close. he would like to take action to avoid having americans suffer a huge tax increase in a matter of ten hours. there are a lot of anxious senators walking around wondering if or when they will get a chance to vote on something. at 1:19 senator mcconnell sent this e-mail to the colleagues and i quote, "the tax piece is complete and done last even
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